Capital gains tax increase is ‘another blow for British business’

London, UK. The planned increase in Capital Gains Tax (CGT) and the abolition of taper relief are causing concern to small and medium sized enterprises – and they are the businesses which have been hit hardest by the recession.

This is according to Tim Ashley Sparks, Managing Director, Bartercard UK, who commented that the increases will “worsen the risk/reward balance for new and existing businesses and those who invest in them” and described them as “another blow for British business”.